africa

Newspaper Headlines: Forex scarcity shoots up airfares, and Nigeria’s fintech revolution in Africa


The report that President Muhammadu Buhari will on Tuesday leave the country for a medical trip to London dominated the headlines of Nigerian newspapers. The comments made by Bola Tinubu, national leader of the All Progressives Congress (APC), at a colloquium to mark his 69th birthday also made the headlines.

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Business Days says Nigeria’s quest to become a gas-powered economy will require the right pricing and regulations to encourage operators.

Daily Independent reports how depleting aircraft and scarcity of foreign exchange have led to a hike in airfares. The newspaper reports that Buhari met with the leadership of the national assembly over a supplementary budget for security and COVID-19.

The Nation reports the comment of Tinubu that Nigeria is better and stronger as one nation. Kayode Fayemi, governor of Ekiti state, says sponsors of Boko Haram are behind banditry and kidnapping in the northern and southern parts of the country.

The comment of Fayemi that kidnapping proceeds are used to fund insurgency is the  major headline of the Nigerian Tribune. The newspaper also reports that suspected cultists set ablaze another police officer in Akwa Ibom state.

The Guardian as its cover story reports the comment of Tinubu that Nigeria is competing with bandits to recruit jobless youths. The newspaper reports that despite the impact of the pandemic on economy, Nigeria is leading a financial technology revolution in Africa.



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